Ameritas Investment Partners Inc. maintained its stake in Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,287 shares of the asset manager’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Affiliated Managers Group were worth $213,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning lifted its stake in shares of Affiliated Managers Group by 15.0% during the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after purchasing an additional 92 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Affiliated Managers Group by 46.2% during the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after purchasing an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Affiliated Managers Group by 2.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after purchasing an additional 16 shares in the last quarter. Financial Architects Inc lifted its stake in shares of Affiliated Managers Group by 2.1% during the second quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after purchasing an additional 17 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in shares of Affiliated Managers Group by 78.5% during the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock worth $163,000 after purchasing an additional 431 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) opened at 186.50 on Wednesday. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 20.66 and a beta of 1.66. Affiliated Managers Group, Inc. has a one year low of $130.48 and a one year high of $198.40. The company has a 50-day moving average price of $189.61 and a 200 day moving average price of $173.15.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.65%. The business had revenue of $585.70 million during the quarter, compared to analysts’ expectations of $586.55 million. During the same quarter last year, the company earned $3.02 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Affiliated Managers Group, Inc. will post $14.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, November 8th. Affiliated Managers Group’s payout ratio is presently 8.66%.

A number of brokerages have commented on AMG. Jefferies Group LLC restated a “buy” rating and set a $226.00 price objective on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Barrington Research reaffirmed an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group lifted their target price on Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Affiliated Managers Group currently has an average rating of “Buy” and a consensus price target of $207.25.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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